25 married making 120k gross together in lcol ( 48k average for area ). 120k invested

51k in emergency fund/ sinking fund

Own our mobile home and both vehicles.

Investing about 5k a month

Idk what I need exactly but I was hoping for 3 million in today's so I will have no worries.

Also 5 years from now my contributions will most likely drop to 3k or 2k because of wanting a house and kids

Pay increases I'm at the top end so most likely stay at the 120k ~ maybe 140k for the next 5 to 10 years then potentially could jump to 180k but with inflation it's probably close to being the same.

Last post

Net worth: $41k
(HYSA: $3.1k, Traditional TSP: $20.2k, Roth IRA: $11.5k, Brokerage: $6.2k)

• Working hella overtime at the Post Office lately; my base rate as a PTF City Carrier is $26.3/hr, but I'm having ~55hr workweeks pushing my effective gross salary up to ~$85k for the past couple months. The job itself has been stressful and I don't really have a life outside of work, but I am one persistent, driven bastard. No way am I interested in being a corporate wagie for any longer than I need to; when I turn 35 y/o and qualify for SS, I'm outta here.
• Moved to a 100sqft. room in a shared single-family house for $700/mo, incl. utils/in-unit laundry. No WiFi but I got my backup phone using Visible+ ($205/year) for an unlimited data hotspot. No need to ride my e-bike, now that the closest bus stop is 3 min. away and the offices I work at are at most a half-hour bus ride. Having to share a bathroom with 2 people and the overall house with 4 is awkward, but it's not so bad when I'm the youngest by far in the house. I think I got a good deal. Moving was expensive and I've been burning way too much money eating gas station slop, so I'm gonna try my hardest moving forward to keep my monthly non-investment/rent spend <= $500.
• Been doing my fair share of credit card/bank account churning. Got the Wells Fargo checking $400 bonus, currently trying to get a $550 checking bonus with FourLeaf Federal Credit Union, and got a Capitol One Savor card recently for the $200 statement credit bonus. When I stop overeating and reach a stable maintenance weight, I'll start giving plasma for money too.. cause I don't have the drive to go work beyond the Post Office.

Made significant changes to my investment strategy: I'm still maxing my Traditional TSP/Roth IRA, and trying to invest >= $500/mo into my brokerage.

- TSP is 3:2 I Fund/C Fund, and I'll rebalance on a yearly basis depending on what I see regarding the funds' performance.

- In my Roth IRA, 50% of biweekly contributions split between SPMO/IDMO, 50% split between AVDV/AVUV/AVEM/IAUM/BTC.

- Brokerage will automatically invest 50:50 FTEC/AVDV, hoping for a sort of barbell effect. Brokerage has a significant position in Kraken Robotics that's down ~24% and I can't wait to let go of it once things break even. No more single stocks for me, the risk isn't worth the return.

- Even though I only gave myself ~10 years to LeanFIRE: Momentum/Value/Growth ETFs are more than enough for my goals. Still got significant crypto ETF positions in my Roth/Brokerage, but mostly just holding them for now.

I recently wrapped up my career in the IT industry after 27 years. As is probably normal for tech people, there was a lot of anxiety/nervousness about the move, but having done the math dozens of times I decided it was time and I had lost a lot of the passion I originally had. Whether that's normal from aging or just the last company I was it, it was good motivation.

The numbers:
Brokerage - 4.4M
Retirement accounts - 1.7M
Cash/HYSA/I bonds/etc - 125k

Zero debt.

No real magic here, a couple strong startup exits and not a lot of lifestyle creep from my first job that paid $48,000/yr when I graduated college long ago. If my lifestyle hasn't changed drastically in all these years, I saw no reason to keep moving the goalposts for "just another 250k" or "just 6 more months". Yearly spend for the last few years has been under $100,000 and that's without accounting for work travel. So far so good!

Over a year ago I made a post about how I hit $100k at 24 but I felt burnt out and wanted to quit my job. I asked for advice from FIRE people about what I should do and got a wide range of opinions. The most common advice was: get a hobby, keep your job and line something else up first, spend some more money, go on some dates, just be more balanced in general.

I have followed some of that advice. I increased my living budget, upgraded my room, and started taking trips with friends as much as I can, gone on dates, and have several hobbies. I’m too burnt out to pursue them as much as I’d like though.

However I still want to quit. It’s hard to live a balanced life you enjoy when you despise the way you spend the majority of your waking hours (your job). It’s hard to date intentionally people you’re attracted to when you are living to escape your own situation. I read stories on this forum of guys in their late 30s and 40s who have millions but their life is bankrupt. They have no love, few friends, and they’re just getting started socially. Retirement can’t fix that, FIRE can’t fix that, money becomes a mental escape hatch and does more harm at that point than good. No offense to anyone but I’m trying to avoid that situation.

For reference:
I’m an engineer and my job is incredibly dull.

I am on track to make over $100k in a LCOL area this year.

I only have 2 years of work experience, but I’m not a huge fan of my field. I’d like to avoid burning any bridges but at the same time I don’t want to become too locked into a tiny niche field.

By the end of this year I will turn 26 and have about $250k net worth with 0 debt and <$1500/mo living costs.

$200k is in broad market index funds with half in retirement accounts, $10k in vehicles, $10k emergency fund, $15k business fund (invested for now), and $15-20k cash for lean traveling and basic living expenses.

I have made up my mind to leave my job next spring soon after bonus season. I am not retiring of course, but I want to pursue other career options and travel while I’m young.

I love the FIRE movement but I’m not interested in retiring early if it means I have to live in misery for my entire youth and young adult life. Financial independence or partial independence is my ultimate goal, more like CoastFI than full FIRE, at least until my life is grounded.

So, please stop me… or encourage me if you think that I’m doing the right thing.

Has anyone here taken a leap like this?
Am I throwing away something I can’t get back?

Bestow your wisdom.

Edit:
I’m not retiring. This is a question about taking a career sabbatical and then coming back to a new job.

I don’t see why this necessitates risking my entire $250k net worth.

I’m not asking if this is the safest possible career path. I’m asking if I’m throwing away something I can’t get back.

Looking for feedback on my situation and if there's any areas you'd improve on & what my realistic FIRE age looks like with a 100-125k withdrawal amount needed at retirement.

For some background, I'm 28, make around $125k/year, and my net worth is roughly broken down like this:

97k total in individual acc (1500/month contribution)
82k between VOO and VXUS
15k in MMF’s as part of my emergency fund

85k in my 401(k) (~2041/month for max out)
My employer additionally contributes about 15% of my salary, and there's no employee match requirement.
So roughly 20k annually on top of my 24.5k contributions, which will scale as my salary progresses.

7.5k in my Roth IRA (625/month for max out)
Split between VOO/VXUS/QQQM

~140k in home equity (mortgage rate 5.875)

~5-10k in checkings
Mainly for bills

Does anything stand out that I should be doing differently? As it currently stands, I’m putting away about 70k annually into the market, inclusive of my employer contribution. Any critiques or suggestions would be appreciated to optimize my situation. Hoping to FIRE early 40’s if possible.

This is a calc put together by one of the users over at the Bogleheads forums. I have zero connection to it, but to me it is cool in a similar way to the Rich/Broke/Dead calc in that it visually shows you something that can be challenging to intuit.

Just a fun little calc that seems to accomplish its goal gracefully. I like how you can rapidly visualize the impact of spending on your final estate in either direction. Cool for the Die with Zero folks, cool for the folks with kids and inheritance goals.

FYI - It's easy to overlook the advanced settings drop-down so be sure to check it out. The advanced settings significantly expand the range of what the calc can do.

Calc - https://levelspend.github.io/

Bogleheads development thread - https://www.bogleheads.org/forum/viewtopic.php?t=473403

Conventional wisdom is that one can safely withdraw 4% from one's savings each year and be reasonably assured that one won't run out of money within 30 years, but this is for a mix of stocks and bonds. But today, we see treasury yields at high levels so I decided to review TIPS ladders and see what one could reasonably get from a very safe investment, and the safe withdrawal rate is around 5.2% (Source: TIPSLadder.com Home).

Now this investment strategy literally means no money at the end, but this provides a historically high rate of return for a very safe investment and paired with a higher-volatility investment could yield a nice lifetime stream of money with a guaranteed floor.

Anyone else investigate this? Do you think this makes sense?

Edit: Many people are commenting that I am not accounting for inflation. TIPS are Treasury Inflation Protected Securities which are already quoted based on real returns, not nominal ones. They currently have a 3.3% real yield which results in a 5.2% safe withdrawal rate over 30 years.

This is a relaxed hangout thread for the FIRE community to chat with other FIRE-minded folks without having to publish separate posts. This is the place for brand new people to get their feet wet as well as for lurkers who have questions or comments, but do not want to create posts of their own.

All of the sub rules apply in this thread as normal with the exception of the off-topic rule, which is relaxed to the extent that people don't go wildly off of the reservation.

We are putting this up as a trial to see if it is worth keeping this as a permanent feature of the sub. Participation is entirely voluntary and anyone who wants to create a separate post of their own rather than posting in here is free to do so.

Still trying to wrap my brain around this:

The nest egg has made more money since retiring than I did in 30 years of working.

3 years of passive returns > 30 years of full time work

The compounding is insane (admittedly we’ve had a great run the last few years).

It makes the 30 years of working seem so pointless but that is what amassed the snowball so it was necessary.

Household: Me (50M), wife (45F), one son (12). Target retirement age for me is 56, when my son will be starting college.

Retirement accounts (~$1.6M total):

Traditional IRA: is the bulk of our savings

Still contributing about $32k/year ROTH heavy now

Real estate:

Primary home: worth 900k, owe 520k

Vacation rental (Airbnb): ~$70k appreciation, nets about $30k/year after all expenses

Long-term rental: ~58 appreciation, about $6k/year cash flow

College savings: About $15k so far. I know that’s low for a kid who’s 6 years out.

Expenses: About $8k/month now, including the mortgage. Once our son is in college, I expect that to drop to around $6k/month (not counting college costs).

My questions:

Is retiring at 56 realistic with these numbers?

My savings are heavily weighted toward the traditional IRA. Should I be doing Roth conversions now or in the gap years before Social Security and RMDs?

How should I access retirement money before 59½? I’ve heard of 72(t)/SEPP, but I’m not sure it’s the right move.

Should I prioritize catching up on college savings, or put that money toward retirement and let my son use loans, aid, or work?

Does it make sense to keep both rentals in retirement, or sell one to simplify or pay off the mortgage?

Anything I’m missing or should be doing differently? Appreciate any input.

I am 95% sure at the end of this month I will put in notice to leave my job. I have never been a big earner, only the last five years or so making over $100k, but have always been a saver maxing 401k contributions and Roth. Thankfully my wife has always had a similar mindset. Found the concept of FIRE about 12 years ago and made it a goal.

Me - 43M wife 43F with three daughters ages 11/13/15

Investments - $2.7M in mixture of brokerage/401k/Roth. $365k of this is earmarked towards children's college.

Expenses - $70k/year, I live in a fairly rural low cost area.

Home - no mortgage, worth roughly $600k, but not moving.

Wife's job - She works part-time making $70k/year. She enjoys her job and wants to work at least another 5 years.

Health Insurance - Our family gets free health insurance through wife's work. When she leaves plan on managing income to be eligible for ACA subsidies.

Pension- My wife will receive a $30k COLA pension at 65. Not a lot but another buffer. Social security as well.

Inheritance - I think I am probably fine without this, and don't count it towards my FIRE strategy, but will likely receive significant windfalls from both sets of parents in the next ten years. In the $2.5M range from my single father, and $3M from my wife's parents. I am the only heir of 3 sets of uncles and aunts that I love dearly as well. Like I said, I don't count this as it is not my money and lots of things can happen, but there is a high likelihood that my nest egg will get some windfalls.

My Job - It is not horrible like how some people here describe their work. I generally like the people I work with and I do get 4 weeks of vacation with a fairly flexible schedule. But I have been doing the same job for 20 years now and am just tired of staring at a screen all day and the general stresses of it. I have also had some health problems from it.

FIRE Life - I have a ton of hobbies, not worried about being bored My job never defined who I was. Plan on taking over most all household duties cooking and cleaning (although children help with this too). Best of all spending more time with children and aging parent/in-laws. My wife is fully onboard with this.

Worries - I don't have the assets that a lot of people on here have, but I also don't have the same expenses. I think a lot of that is just the area I live in and my family's general lifestyle, no mortgage, and my wife's health insurance benefit. I also worry about the timing of this with stock market valuations, but hope with a three year cash buffer we will be ok.

I have of course never retired from a job before :) Any strategies on how best to structure this with my work? I plan on giving 3 months notice to give them a good amount of lead time. Like everyone, I am of course very replaceable, but most of my duties I am the only one at my job who knows how to do it. I live in a smaller town/community and don't want to burn bridges or relationships also. Most people I work with seem to give retirement notices a year in advance as a courtesy, so this will be a surprise. I plan to receive my last paycheck in January and sock away all money from that and payouts from accrued vacation to max my 2027 401k contribution. With the lower 2027 AGI, I plan to begin doing some Roth conversions next year.

I have become a Reddit addict of sorts and read a lot of various subs and am FIRE retired. I marked this NSFW because of a horrible event that happened near me. Recently retired neighbor and good friend died in an auto accident and left his wife with money, but no knowledge of how to manage it. My wife and his wife are close and my wife let me know about his wife's issues. It is too soon to even offer to help, but I will help if asked. My wife would be in a similar condition if something happened to me. This scares me.

FIRE stuff everyone needs to be part of:

Trust / Will / planning for the success of your beneficiaries after your death.

Financial planning in case of death. I need to take my wife to the Fidelity office and set her up. I have been told that Fidelity can do auto distributions.

Care instructions in case of injury. I ride motorcycles, I have had a stroke in 2019. If I become incapacitated who is able and going to manage my affairs. I doubt my wife would be able to under that stressful situation.

Make your spouse and / or your beneficiaries aware of things. To my wife the Fidelity account is a quarterly envelop full of numbers and data. She is not aware of the website. She does not have a login on the website. She does not know my login. She might know that there is a Fidelity office about 4 miles from our house, but would not go there without instructions.

I was 12y/o when my 36y/o father died leaving my mom a 34y/o widow with 4 kids. My father was a banker and handled all the finances. My mom struggled is an understatement.

I’m trying to hit $1m in retirement accounts by March of next year when I turn 40. I have 905k invested today between 401k, IRA, and ROTH IRA.

I’m trying to make sense of how to maximize my investment ability, including use of mega backdoor Roth and regular backdoor Roth contributions - but I can’t quite figure these out.

Can someone help me understand how these work? I see a lot of people talking about using a backdoor or mega backdoor Roth IRA strategy but I’ve never understood it.

Income ~250k and don’t qualify for traditional Roth IRA

Have ~385k in employer 401k (leaving the employer now though so that’ll be tapped out or rolled over). Have ~245k in traditional IRA and ~275k in Roth IRA from back when I used to contribute to it when I made less income.

Now I’m setting up an S-corp and will be maxing out employer 401k.

Trying to make sense of this all!!

I just passed 1.5 million invested, minus the kids' fully funded 529s. I have a rental that nets $15k. And I get an adoption subsidy of $40k per year, tax free, indexed with inflation, until my 12 year old is 21. I do not plan to stop working just yet, because I'd like the income I could now draw permanently, not just for the next 9 years (and really 6, because part of my college planning is giving the subsidy to my son when he starts college).

I owe 100k left on my house, valued at 700k at <3% interest. I took out 100k on a pool I put in this summer, at higher interest (7%) that will be 70% paid off by end of year.

As a single parent, I have literally been sleeping better. Yes, sure, I'd like a million more, but if the realistic worst case happened, I could not work forever, and my kids would be safely housed, fed, clothed and colleged. And that's everything <3

I know this is not a "FIRE" decision per say but for some context, I have $485k invested, 30 years old, make $81k. As noted in the title, I was previously investing 50% of my income and reduced it down to 20% as while I am trying to persue FI, the idea of retiring and having zero job whatsoever is the most unappealing thing ever IMO as I personally enjoy working.

Part of the issue I had while investing 50% of my income was that I basically almost nothing to enjoy my life. No travel, no spending time w/ friends/family on things that cost $, few hobbies. It got to the point that I was missing things like friends/family weddings and bachelor parties bc I refused to spending the money to go to them.

Yes, there 100% is a balance in life where you can still save/invest X% of your income and enjoy your life. While 20% investing rate is pretty low for most people in the FIRE community, I could careless as I am using the extra money to travel to places and do stuff I was putting on hold all in the pursuit of saving money. For example, a life goal of mine is to hit every MLB stadium which with travel and tickets, can get slightly expensive but now I can save up for a trip to actually do something like this when I am healthy rather than waiting

I've been with my same non-tech engineering firm since I finished up grad school 15yrs ago. It's been a fantastic and rather lucrative ride, but I'm running out of steam.

Total NW is $2.15mm, of which about $1.65mm is earmarked for retirement (IRAs, 401ks, Brokerages, HSA, company stock).

The goal in recent years has been to early-retire at about 50 with $3mm in investible assets. We've been on track (or ahead) of that goal for quite some time. And unless there are some major shakeups in the market (knock on wood), ought to hit that without too, too much trouble.

I grew up upper-middle class and was recently having some financial chats with my dad (68M, healthy and enjoying life). I've never planned around receiving an inheritance (nor will I alter my plan to do so now), but he informed me that I'll be executor/administrator of his estate/trust when the time comes; at present 'my' split of the proceeds would be on the order of $1mm.

I'd been running out of steam at work before this conversation. But now especially after this conversaion, I'm finding myself completely devoid of motivation to push through the final ~decade+ of work. Let me re-iterate that none of my retirement plans have relied on an inheritance of any kind, nor will I alter them going forward.

Any tips or tricks to bring back the motivation?

ETA: Thanks everyone so much for the thoughtful responses and suggestions!

Long time lurker, first time poster here.

29M living in a VHCOL city and just crossed 500k (and with the market run, hit 520k yesterday). Feel like this is the true point where money starts working on its own.

Wanted to get a sanity check of my breakdown
160k brokerage account managed by me
80k brokerage account managed by robinhood
40k Roth IRA (I can’t contribute more cause of income caps, and I can’t do back door cause I rolled 401k into trad Ira)
160k trad IRA
60k company RSU / ESPP (Yes I should trim… but waiting for a better time for taxes)
10k crypto (used to be 20k last year…)
20k new company 401k

My income fluctuates between 200-300k a year (I’m in sales)
Recently got married so last year I was barely able to save at all and just spent on the wedding and such.

My split of rent is 3.5k a month… no egregious sending, car, etc….

Any advice? Anything to note of? I know I’m “ahead” but I hang in a circle where this is the norm or I’m actually behind so would be good to get a sanity check.

Hey guys, I’ve read about a pretty interesting phenomenon that happens to guys like us. I run a business and as my net worth increases I realize I am just not the same guy I was 5 years ago; which was extremely motivated and hungry even when not making much.

As your net worth climbs, even if passive income/investing is doing the heavy lifting how do you regain the motivation you had to be a hungry mf’er? Where you’re just pouring all of your passion and soul into your craft. I absolutely miss the almost manic state of passion I was in during those times

This is a relaxed hangout thread for the FIRE community to chat with other FIRE-minded folks without having to publish separate posts. This is the place for brand new people to get their feet wet as well as for lurkers who have questions or comments, but do not want to create posts of their own.

All of the sub rules apply in this thread as normal with the exception of the off-topic rule, which is relaxed to the extent that people don't go wildly off of the reservation.

We are putting this up as a trial to see if it is worth keeping this as a permanent feature of the sub. Participation is entirely voluntary and anyone who wants to create a separate post of their own rather than posting in here is free to do so.

Company undergoing restructuring and I am on the line for next month. Any advice below would help

Assets-

401k/ Ira - 800k
Roth - 160k
HSA -40k
Brokerage -$150k
cash - $150k
Rentals properties- All PAID cost basis -$1.4MM (purchase cost)
house paid off - $300k
Two cars paid off.

DEBT/ Card/Loans - $0

Total Networth- $2.7 mm plus $300k house

Income

NET rental INCOME after all tax maintenance etc - $ 9,000/ month (very accurate)

EXPENSE- $11,000/ month- this is very accurate based on my family needs. It is little high as I also support my parents

Deficit $2k/ month

Age 44M/ 36F (Wife stay at home mom)
Kids 6 and 9
Houston Texas

Please comment/ roast / Critic/ and any advice

My fear is my kids are young so you never know what expense on its way.

What do I do about health insurance?

Currently I own a condo. I bought it a year ago for 186,000. It is currently worth 190,000. The interest is 6.875%. The mortgage is 1400 and the HOA is 204. I have only owned the home for a year. My commute to work cost $37 in gas a week and 110 in tolls. My electric is 184 and I don’t pay water/sewage or trash. I drive 30 miles one way to work

So the question is, I can sell my condo and rent again. The rent would be 1150, electric is about 120 and water and sewage is 50. I’d only be 4 miles from work, which I have a stable job so I wouldn’t have to move again and also wouldn’t pay the tolls.

So I did the math, and total savings would be $800 a month and that’s before home maintenance and vehicle wear and tear. Would it be a bad idea to sell my house, move back into an apartment and invest the difference?

I do invest currently, maxing out a Roth and 401k so this would be added to my taxable brokerage. My girlfriend lives with me and it would free up $150 for her as well so total household would be 950 freed up.

The idea would be to invest the difference until it didn’t make sense anymore than buy when it does actually make financial sense.

At what point do you shift funding your 401K and focus on Brokerage? I’m doing the calcs and getting close to having enough in 401K to retire at 59 without contributing anymore aka COAST. I think the thought is I’d like to retire sooner or help my child more or upgrade life a little- basically just want the options and freedoms in my 50s. I’m almost 40 so the next 10 years I want to be smart about my decisions. Any advice on what’s worked or what you’d do differently?

I retired at 45 about three years ago having been FI for quite a while. I just wanted to share a little about what my new life looks like. So the last 3 months, I have been learning about powered paragliding. I spent much of the last 2 months learning about aerodynamics, weather, airport operations and communications, safety, jet engines, proactive maintenance and so much more. Its been a difficult thing to learn even much harder than I thought, but having finished my training and successfully passing all certification requirements. I’m reflecting back on this time.

Since I was a little boy, I have always had dreams of flying like a bird. I yearned for the freedom, happiness and the sense of levity that it provides. Being FI, I’m actually now in a position where I can pursue this dream. I’m grateful to be still young enough to do something physically taxing like this. I’ve now successfully completed about 50 flights, with about 200hours+ of training and another several hundred kiting a glider.

On the financial side, this is among the cheapest form of flight where you can fly your own craft yet its costs are still significant. I’m already $18K in, between training, equipment and other related costs. But having a great nest egg and being aware of my numbers has been invaluable in giving me assurance I can do this, even with the economy as it is… I believe this is another gift from the FI mindset where, first we live like no one, so later we can live like no one else!

The past two months have been tough, yes. Often I thought I could not do it and wanted to give up... But the incredible feeling especially during that very first flight, was as they say: Priceless and worth every effort exerted before I was able to achieve it. With this new special skill I’m hoping to do some cross country flights and see the world from a totally brand new perspective for me. I’m excited and grateful. The FI and RE life, are an incredible thing. If you are still pursuing it, hang in there the juice is definitely worth the squeeze and I hope you get there sooner than you expect.

I'm 54, single, and hit my fire so that if it retired today, i would spend about 3.5% swr, plus i would get pretty good SS when i claim at age 67-70 (undecided)

Pulling the trigger still freaks me out, but i was analyzing that outside of having sufficient monetary resources to support a good swr, I may have some advantages based on not having dependents that are not baked into the numbers.

1. Being single, its pretty easy for me to rachet spending down (i could move to a lower col area if need be)

2. I desire to live overseas, in se asia, or central america for a few years for the adventure, so there is a good chance my swr rate can go down to 2%, at least for a few years.

3. Even without something drastic like pt.1 i would naturally employ a guardrails strategy in the good and bad market years.

4. I don't need to leave an inheritance to anyone (have some pet causes i would support, but that is optional)

I'm beginning to think that with this flexibility, and with a 3.5% swr currently, even in a bad market (my biggest worry that keeps me from retiring), I should have no issues. Wondering if these are considerations other single fire ppl think about or consider?

Note: I got mod permission to post this from a new account as I'd like to keep my financial life anonymous.

I’ve thought about FIRE a lot recently, as my employment has become tenuous and my guess is I’ll be let go by the end of the year.  I’ll likely need to find a new job for now, but was hoping for some insight and recommendations on these questions:

- How to make healthcare work in FIRE with a young family and expensive prescriptions?
- How do people handle disbursements from a 401k and avoid large taxes or penalties?

My financial setup:

41M
Assets:
401k - $663K (2050 retirement Vanguard fund)
Personal Vanguard - $140K of broad market domestic and international index funds
Individual Stocks - $180k (I need to drive this down)
Investment properties - $992K (estimated value)
Other Investments - $18k
HYS + overall cash - $90k
Personal Home:  $645k, free and clear
Separate 529s for children - $82k

Income:
Main job:  $182k/year
Investment property net:  $2k/month

Debt:
Investment property debt - $403k ($588k net REI capital)
One additional loan at $23k

Life Situation:
Wife, four children ages 8 - 14
MCOL US state and city
I have a medical condition requiring a very expensive prescription, kids also have prescription needs. 
Current spending:  ~$80k/year

Adding the $2k net monthly income in rents along with around 40k/year from invested funds, that puts us to $64k/year coverage when I'll need a minimum of $80k with kids at home. The need to cover healthcare myself will be a big hit as well, which is why I’m going to continue working for now, whether at my current company or a new one. I’d like to focus on bridging the gap to FIRE for real, even if it can't be immediately.